Inflation in the eurozone declined in February - Ester Holdings

Inflation in the eurozone declined in February

The consumer price index in the eurozone continues to decline for the second month in a row, thus indicating a slowing of inflation in the region. The level of wages, also without justifying the forecasts, showed very restrained growth in the 4th quarter. At the same time, the reaction on weak inflation data was perceived by the market rather restrained, which was caused by repeated comments of ECB representatives on weak inflation. In addition, secondary data on inflation remained unchanged.

Thus, the euro remains under pressure of weak inflation in the eurozone, but at the same time it is limited by the weakness of the US dollar on the resumption of the political scandal in the United States. Therefore, weak statistics on inflation in the eurozone will be perceived by the market restrainedly negative for the euro. The main driver of the market is still the US dollar and the political situation in the US, which is especially sharply perceived by the market before the March FED meeting.

Hanzenko Anton

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